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February 10, 2012
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David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
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Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
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Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
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Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
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Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
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January 30, 2012
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Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
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Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
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Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
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Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
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Ali Safi: U.S. envoy gives Taliban terms for peace talks
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Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
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Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
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Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
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January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
August 12, 2008
/ 11 Menachem-Av 5768
Obama's proposals are either counterproductive or not achievable
By
Jack Kelly
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http://www.JewishWorldReview.com |
Sen. Barack Obama's efforts to explain his energy policy indicate why his campaign has emphasized celebrity over issues. The liberal San Francisco Chronicle says he is offering "more flip-flops than a Lake Tahoe souvenir stand."
Speaking in Florida Aug. 2, Mr. Obama said he'd be willing to support drilling off the coast of Florida if it were part of a "comprehensive" energy strategy. Just two days before in Springfield, Mo., Mr. Obama had denounced offshore drilling as a "scheme," and said that Americans would be better served by more often checking their tire pressure.
What could have changed Mr. Obama's mind? The day he was dismissing offshore drilling in Missouri, a Quinnipiac poll of 1,248 likely voters was released that indicated 60 percent of Floridians favor offshore drilling.
In a speech in Lansing, Mich., on Monday, Mr. Obama called for the release of 70 million barrels of oil from the Strategic Petroleum Reserve. As the AP's Tom Raum noted, this was a reversal of a position he had taken less than a month before.
"The strategic oil reserve, I think, has to be reserved for a genuine emergency," Mr. Obama said in a press availability in St. Louis July 7. "You have a situation, let's say, where there was a major oil facility in Saudi Arabia that was destroyed as a consequence of terrorist acts, and you suddenly had huge amounts of oil taken out of the world market, we wouldn't just be seeing $4 a gallon oil. We could see a situation where entire sectors of the country had no oil to function at all. And that's what the strategic oil reserve has to be for."
Now, apparently, a drop in the opinion polls is reason enough to tap the Strategic Petroleum Reserve.
The 1973 Arab oil embargo plunged our economy into a deep recession, from which we didn't fully emerge until 10 years later. We're more than twice as dependent on imported oil now as we were then. Iran has said it will cut off oil supplies from the Persian Gulf if Israel or the United States attacks its nuclear plants. Given Iran's saber-rattling, to deplete the reserve now could be an act of supreme folly.
"Remember how he hooted at suspending federal gas taxes as a primary season stunt," the San Francisco Chronicle's editors asked. "Now he wants $1,000 rebate checks mailed out to families, paid by a windfall profits tax on the oil industry that was tried and dumped in the 1980s."
Punitive taxation of oil producers seems a peculiar way to encourage them to produce more oil.
Oil and natural gas companies earned, on average, 7.4 cents on each dollar of sales in the first quarter of this year compared to 7.6 cents for all U.S. manufacturers, 13.7 cents for computer companies such as Apple and Microsoft and 17.8 cents for manufacturers of alcoholic beverages and tobacco products.
Oil companies are making "record" profits because 7.4 percent of $4 a gallon is twice as much as 7.4 percent of $2 a gallon, but they are making "excess" profits only in the heated rhetoric of Democratic demagogues. And although oil companies have benefited mightily from high gas prices, they aren't responsible for them. It's OPEC that restricts foreign production and Congress that prevents drilling here.
The other main components of Mr. Obama's "plan" are:
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To get a million plug-in hybrid vehicles that average 150 miles a gallon on U.S. roads within six years;
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To require that 10 percent of U.S. energy come from renewable sources by the end of his first term, and
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To reduce U.S. demand for electricity 15 percent by 2020.
He was light on details of how this would be accomplished, for good reason. These goals would require magic to be achieved.
No current plug-in hybrid gets better than 69 mpg. It will take more than the wagging of Mr. Obama's tongue to more than double that within six years. And if we could get a million plug-in hybrids on the road, we'd be using a lot more electricity than we use now, not 15 percent less. Currently we get just 3 percent of the electricity we use from the renewables Mr. Obama favors. More than tripling that percentage in four years is not physically possible, no matter how much money is thrown at it.
Mr. Obama has a deep, rich voice. Coming from his mouth, nonsense sounds good. But it's still nonsense.
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
JWR contributor Jack Kelly, a former Marine and Green Beret, was a
deputy assistant secretary of the Air Force in the Reagan
administration. Comment by clicking here.
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